IMF mission evaluates Guinea-Bissau’s post-conflict emergency performance

5 November 2009

Bissau, Guinea-Bissau, 5 Nov – An International Monetary Fund team arrives Thursday in Guinea-Bissau to evaluate the government’s track record this year under support from the world financial body’s post-conflict emergency assistance program, officials said.

The IMF mission stays in Guinea until 18 Nov and will also assess “perspectives for the start of talks on a new accord under the widened credit facility,” a statement from the Bissau Finance Ministry said.

The IMF, under its post-conflict emergency assistance, provided Guinea this year with US$ 2.7 million in June, US$ 2.9 million in July and US$ 2.8 million in July and US$ 2.8 million in January 2008.

The IMF post-conflict program is designed to bolster administrative and institutional capacity of governments to support sustained economic recovery.

The IMF will make public its preliminary findings on Guinea on 17 Nov, said the official Bissau statement. (macauhub)